
Nigerian fintech Zuvy secures $4.5 million debt funding to provide invoice financing for African SMEs
Nigerian tech startup, Zuvy Technologies, has raised $4.5 million in a recent funding round to provide invoice financing for African SMEs.
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Egyptian cleantech company, Tagaddod, has secured $26.3 million in a Series A funding round aimed at accelerating its expansion and deepening its capabilities in the renewable feedstocks market across Africa, Asia and Europe.
Founded in 2013 and headquartered in Cairo, Tagaddod operates a proprietary digital platform that sources, consolidates and traces waste‐derived feedstocks such as used cooking oil (UCO), acid oils and animal fats.
The platform brings together thousands of sources — ranging from households and restaurants to food processors and waste aggregators — to supply certified sustainable materials to global biofuels and sustainable aviation fuel (SAF) producers.
The Series A round was led by The Arab Energy Fund (TAEF), a multilateral impact investor that emphasizes sustainable energy and regional energy security.
It drew further backing from established and returning investors, including FMO, Verod-Kepple Africa Ventures (VKAV), and A15 Ventures. Notably, this is TAEF’s first direct investment in the biofuel feedstock sector.
Tagaddod has already established regional coordination hubs in Egypt, Jordan and the Netherlands, and it is building traction in markets such as Saudi Arabia and other priority geographies.
With the fresh capital, the company plans to speed up its market entry and scaling efforts across new and existing territories in Africa, Asia and Europe.
That includes strengthening its technology stack — from AI-driven logistics and predictive analytics to automated traceability — and upgrading its operational infrastructure to manage higher volumes of export-grade renewable feedstocks.
In announcing the new capital, CEO and co-founder Nour El Assal framed the investment as more than just financial backing, calling it a strategic partnership that will enable Tagaddod to build the “infrastructure, technology, and supply chains needed to support a cleaner energy future.”
She added that TAEF’s regional reach and commitment to sustainable development make it an especially fitting partner as the company scales.
As global demand for sustainable feedstocks grows — particularly in the biofuels and SAF space — Tagaddod positions itself as a critical link in the green transition.
By digitizing and organizing a historically fragmented supply chain, the startup aims to become a leading supplier of traceable, certified renewable feedstocks to refineries and off-takers worldwide.

Nigerian tech startup, Zuvy Technologies, has raised $4.5 million in a recent funding round to provide invoice financing for African SMEs.

Kumulus Water, a Tunisian-French startup specializing in atmospheric water generation, has raised $3.5 million in seed funding to scale its technology that transforms air into safe drinking water.

Sony Group Corporation has launched the Sony Innovation Fund: Africa, a $10 million fund to support the growth of the continent’s entertainment sector.